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20121208
20121208
Search Results 0 to 6 of about 7 (some duplicates have been removed)
it out. if republicans end up getting it, it's something the obama administration told john boehner they were willing to trade away if republicans end up getting it, that will feel like a big win for them. enough to unlock the tax deal. i'm not saying the final negotiation here will be easy. one thing that's a tough sticking point in negotiations. we began tonight which the white house wants to get rid of forever. there's not been a lot of republican movement on the forever deal. i'm not saying the final negotiation here will be easy. one thing that's a tough sticking point in negotiations. we began tonight which the white house wants to get rid of forever. there's not been a lot of republican movement on the forever deal. i'm not saying they are not going to get to a deal before the deadline, but don't be fooled by the posturing. there is a sailboat. it's coming clearer. joining us is the former budget director for the obama administration. vice chairman at citigroup, a veteran of these negotiations, thank you for being here on a friday night. >> good to be with you. >> peter, you
. unemployment hit rock bottom near the beginning of the -- under the bush administration. you can see this right here. and this of course the changing the color here is when president obama took over in january of '09. who is responsible for this turnaround? >> absolutely the president. and it would be a better turnaround if the republicans had allowed a bigger stimulus. we'd have many more jobs. >> you'd make the case we didn't spend enough on the economy? >> not only did we not spend enough, but we wasted 40% of it on tax cuts for small business, which is inherently savings and not stimulus. it was a real policy mistake. >> so considering where we are, and now 33 months of private sector job growth, is this historic? >> it's certainly we're going in the right direction, ed. we're not creating as many jobs as we need for the population growth, but it's astonishing we're recovering the way we are and if the republicans would stop creating the uncertainty, remember the uncertainty by not making a deal, we'd see the numbers improving very dramatically. >> well, let me ask you in terms of the stabi
the unemployment rate under president obama's administration. which of the president's policies have helped the most in this? >>. well very crucial to this has been his decision to get congress to extend unemployment benefits surprisingly. because when people have the money are spending it back in the economy. every 50th person you meet statistically only has food stamps today as income. and that's the result of these years of the republicans policies. so having unemployment and extendsing benefits next year would be important to bring the number down and having businesses hire more people because they have customer with money. >> if congress failed to pass the recovery act, the center on budget and policy priorities says we have added almost 1 million more jobs because of the stimulus package. why are the republicans fighting stimulus spending now? why? is it they don't want to see president obama succeed or do they believe spending more money is not the right thing to do? >> i think both of those are true. they do not want him to succeed. there's no question about that. they are certain s
Search Results 0 to 6 of about 7 (some duplicates have been removed)